Equity Insights May 29th: QUALCOMM, Emeritus, Mentor Graphics, Joy Global

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

QUALCOMM Incorporated (NASDAQ:QCOM): Morgan Stanley said checks indicate a robust 2H 2012 for smartphones and that 28nm shortages will not likely have a significant impact on Qualcomm. The firm recommends buying Qualcomm on weakness and reiterates its Overweight rating and $78 price target. UBS said checks indicate a robust 2H 2012 for smartphones and that 28nm shortages will not likely have a significant impact on Qualcomm. The firm recommends buying Qualcomm on weakness and reiterates its Buy rating and $78 price target.

Emeritus Corp. (NYSE:ESC): After analyzing 2012 Alzheimer’s Association data, JMP Securities identifies Emeritus as the healthcare facility stock best positioned to benefit from growth in the number of dementia patients. The firm reiterates an Outperform rating on Emeritus.

Mentor Graphics Corp. (NASDAQ:MENT): Needham attributes Mentor Graphics’ revenue miss in Q1 to startup issues that are now behind the company. The firm views the sell-off in shares post the company’s results as overdone and reiterates a Buy rating on the stock with a $19 price target.

Joy Global, Inc. (NASDAQ:JOY): Barclays said Joy Global shares already reflect the weak U.S. coal market. The firm believes earnings downside could be limited given Joy’s strong backlog and high aftermarket exposure. Shares are Overweight rated with a $96 price target.

Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business